mortgage scams - Articles

How to Avoid Falling for a HARP Scam

By Meg Burns Did you make New Year's resolutions? Was personal finance one of them? Refinancing your mortgage may be an option to help you reach your New Year's goals. Many programs are available to help you refinance even if you are underwater. If you are one of the many homeowners who have kept up-to-date on your... Continue Reading »

Feds Widen Inquiry of Online Mortgage Scams

SAN FRANCISCO -- A criminal investigation into mortgage swindlers has expanded beyond deceptive advertising on Google's Internet search engine to root out con artists who were luring their victims on Bing and Yahoo, too. Monday's news of the widening probe confirmed that the Internet's three largest search engines had... Continue Reading »

Homeowners Beware: Forensic Loan Audit Scam

The calls started last November. Speaking in Spanish, a representative from New Century Solutions in Lake Forest, Calif., pitched Jose Chirino to purchase a forensic loan audit. For $2,995, the representative said, an audit could help the San Jose, Calif., homeowner get a much-desired loan modification and principal... Continue Reading »

Mortgage Salvation -- or New Twist on an Old Scam?

A lawyer in Tallahassee, Fla., is at the center of what some experts are calling a new take on mortgage relief scams, according to the St. Petersburg Times. Nearly 6,000 struggling homeowners seeking mortgage modifications have agreed to work with a Florida-based law firm in the hope of settling their outstanding debts.... Continue Reading »

Old Scam Targets Homeowners Who've Refinanced

Listen up, mortgagees: Did you hear the one about the new company that's going to service your refinanced loan? It's just a step away from the Nigerian royal who needs your help and is willing to give you half his fortune for just a few thousand dollars of your nest egg. In a mortgage-related scam currently making the... Continue Reading »

Mortgage Lenders Stung in Alleged Scam

A multimillion-dollar scam by real estate agents and loan officers, in collusion with homebuyers, left mortgage lenders in the dust, authorities say. Two real estate agents and two mortgage loan officers were among nine people indicted for their roles in an alleged $11-million mortgage fraud scheme that involved paying... Continue Reading »

Elizabeth Warren Wants to Simplify Your Mortgage Paperwork

When I saw that Elizabeth Warren had begun her duties as President Obama's consumer-protection watchdog by holding a forum Tuesday on simplifying mortgage paperwork, one of the first things that popped into my head was a neat trick that a few mortgage professionals liked to pull back in the heady days of the home-loan... Continue Reading »

Homeowner Beware: Mortgage Scams on the Rise

I can't exactly say this bit of news comes as a surprise, given the current economy and the nature of ...well...human nature. But reports of mortgage fraud in the third quarter of 2009 (the most recent set of figures) show a hefty 7.5 percent hike over the year before. This news comes to us from something called FinCEN.... Continue Reading »

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